Spain · report
Foreign buyers in Spain
Buyers living abroad bought 7.0% of the homes sold here in the four quarters to Q2 2026.
- Bought by buyers abroad, 12 months
- 7.0%
Homes bought by buyers living abroad in Spain
Share of dwellings sold to buyers not resident in Spain, by quarter, from notarial deeds (MIVAU). Foreigners living in Spain count as residents.
Show the numbers
| Period | Spain |
|---|---|
| Q2 2026 | 6.8% |
| Q1 2026 | 7.0% |
| Q4 2025 | 6.8% |
| Q3 2025 | 7.3% |
| Q2 2025 | 7.4% |
| Q1 2025 | 8.0% |
| Q4 2024 | 8.0% |
| Q3 2024 | 8.8% |
| Q2 2024 | 8.8% |
| Q1 2024 | 8.4% |
| Q4 2023 | 8.7% |
| Q3 2023 | 9.6% |
| Q2 2023 | 9.5% |
| Q1 2023 | 9.1% |
| Q4 2022 | 9.1% |
| Q3 2022 | 9.9% |
| Q2 2022 | 9.5% |
| Q1 2022 | 9.0% |
| Q4 2021 | 8.9% |
| Q3 2021 | 8.1% |
| Q2 2021 | 5.7% |
| Q1 2021 | 4.8% |
| Q4 2020 | 5.7% |
| Q3 2020 | 7.0% |
| Q2 2020 | 4.4% |
| Q1 2020 | 7.9% |
| Q4 2019 | 7.6% |
| Q3 2019 | 8.3% |
| Q2 2019 | 7.8% |
| Q1 2019 | 7.4% |
| Q4 2018 | 7.8% |
| Q3 2018 | 8.4% |
| Q2 2018 | 8.1% |
| Q1 2018 | 8.4% |
| Q4 2017 | 8.9% |
| Q3 2017 | 9.6% |
| Q2 2017 | 9.1% |
| Q1 2017 | 9.0% |
| Q4 2016 | 9.2% |
| Q3 2016 | 10.2% |
| Q2 2016 | 10.3% |
| Q1 2016 | 9.8% |
| Q4 2015 | 10.1% |
| Q3 2015 | 11.1% |
| Q2 2015 | 10.2% |
| Q1 2015 | 9.6% |
| Q4 2014 | 9.7% |
| Q3 2014 | 11.0% |
| Q2 2014 | 11.0% |
| Q1 2014 | 10.1% |
| Q4 2013 | 10.0% |
| Q3 2013 | 10.8% |
| Q2 2013 | 10.2% |
| Q1 2013 | 9.7% |
| Q4 2012 | 7.5% |
| Q3 2012 | 7.6% |
| Q2 2012 | 6.7% |
| Q1 2012 | 6.6% |
| Q4 2011 | 5.3% |
| Q3 2011 | 5.9% |
| Q2 2011 | 5.5% |
| Q1 2011 | 5.4% |
| Q4 2010 | 2.9% |
| Q3 2010 | 4.4% |
| Q2 2010 | 3.1% |
| Q1 2010 | 3.4% |
| Q4 2009 | 3.3% |
| Q3 2009 | 3.7% |
| Q2 2009 | 3.3% |
| Q1 2009 | 3.5% |
| Q4 2008 | 3.5% |
| Q3 2008 | 4.1% |
| Q2 2008 | 3.5% |
| Q1 2008 | 3.8% |
| Q4 2007 | 3.8% |
| Q3 2007 | 3.6% |
| Q2 2007 | 4.0% |
| Q1 2007 | 3.6% |
Who lives here
Net migration: the people who moved in, from abroad or the rest of Spain, minus those who left (INE, from 2021).
- Net migration, Spain, 2024
- +626,268
- 12.9 per 1,000 residents
Residence is not nationality: a foreigner living in Spain buys as a resident, and a Spaniard living abroad as a non-resident. MIVAU publishes counts by province, not prices, so the report describes how many homes buyers abroad take, not what they pay.
Other reports for Spain
Asking prices have an 80% chance of landing between €3,001/m² and €3,338/m² by September 2027.
- Expected, September 2027
- €3,170/m²
- Chance of a rise
- 97%
At the average appraised value, a 90 m² home costs €211,950. With 10% down and a 30-year mortgage, the payment is €808 a month. Spain sets no cap on the payment; lenders must assess each borrower's solvency.
- Payment, two incomes
- 24%
- Payment, one income
- 49%
In Q2 2026, sellers asked 22.2% more than appraisers valued homes at. A year ago the gap was +14.3%.
- Gap today
- +22.2%
- Change in a year
- +7.9 pp
42.5% more homes were licensed for construction in the last 12 months than in an average year of the past decade.
- Licensed, 12 months
- 146,376
- Per 1,000 residents
- 3.0
Appraised values have fallen by 3% or more 2 times since 1995. The deepest began in Q1 2008.
- Deepest fall
- −30.7%
- Recovery from the low
- 132 months
In 2024 the population grew by 510,212 while 97,837 homes were finished: 5.2 new residents for every new home.
- New residents per new home, 2024
- 5.2
- Population change, 2024
- +510,212
14.4% of the 26,623,708 homes counted in the 2021 census stood empty, whether for sale, to let or for other reasons.
- Empty, 2021 census
- 14.4%
- Empty homes
- 3,828,307
In 2025, 16% of the homes authorised were in existing buildings: conversions, extensions and changes of use.
- Homes in existing buildings, 2025
- 16%
Public bodies signed €771.7M of housing works here in 2025, and €2.4B since 2017.
- Signed in 2025
- €771.7M
- Per resident, 2025
- €16